In the third quarter, open interest on perpetual DEXs increased to $24 billion, with Hyperliquid accounting for 53% of the total.

Liquid Network increased its reserves by 50 BTC, reducing the shortfall to 550 BTC. The Federation announced that the remaining losses will be fully covered within the next few days. (Bitcoin Archive)

[Key Player Analysis: Multiple Platforms' Major Players Set Up Defenses at Key BTC Levels] Key area setups by major funds; market rhythm might shift soon...

XAUa, a tokenized gold regulated in Hong Kong, has been launched on Sui. The token is minted based on Sui's Permissioned Asset Standard (PAS), issued by AlphaToken, and distributed by TBook. Each XAUa is backed by physical gold stored in Hong Kong, and holding and purchasing it are subject to eligibility requirements. In accordance with PAS rules, issuers incorporate compliance rules into their policies, and each transaction must pass policy verification before settlement. TBook has migrated its vault issuance platform to PAS, allowing RWA issuers to subsequently issue vaults with similar compliance controls on Sui.

Google Cloud has released a preview of a Bitcoin custody service that allows institutions to sign transactions without having full control over the private keys.

Circle filed a comment letter with the U.S. Securities and Exchange Commission (SEC) regarding regulations governing crypto assets, recommending that payment stablecoins compliant with the GENIUS Act be treated as cash and subject to the corresponding dollar valuation, accounting, and customer reserve treatment. Circle also recommends reducing the broker discount for payment stablecoins compliant with the GENIUS Act from 2% to zero, requests clarification that post-network technical services are not considered part of regulatory work, and establishes safe harbor rules for the technology roadmap.